ADVOCATE CHARITABLE FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$40,020,137
Other
51%
Contributions
43%
Fundraising Events
6%
Investments
<1%
Government Grants
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$27,905,170
Grants
65%
Salaries & Benefits
26%
Other
8%
Offices, Occupancy & IT
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$15,702,052
$17,253,636
+10%
Government Grants
$11,888
$13,050
+10%
Fundraising Events
$1,569,028
$2,285,864
+46%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$86,456
$96,947
+12%
Other
$21,048,652
$20,370,640
-3%
Total Revenues
$38,418,076
$40,020,137
+4%
Expenses
2023
2024
Change
Grants
$19,857,582
$18,018,337
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,391,434
$7,235,018
-14%
Fees to Service Providers
$322,613
$231,383
-28%
Advertising & Promotion
$4,722
$3,042
-36%
Offices, Occupancy & IT
$536,659
$261,845
-51%
Interest
$0
$0
-
Depreciation
$793
$763
-4%
Other
$3,758,853
$2,154,782
-43%
Total Expenses
$32,872,656
$27,905,170
-15%
Net income
2023
2024
Change
Net income
+$5,545,420
+$12,114,967
+118%
Functional Expenses
Summary
2023
2024
Change
Program
$28,249,226
$18,236,687
-35%
Admin
$391,116
$513,244
+31%
Fundraising
$4,232,314
$9,155,239
+116%
Total Expenses
$32,872,656
$27,905,170
-15%
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